Needham Investment Management LLC Acquires 38,000 Shares of Cohu, Inc. (NASDAQ:COHU)

Needham Investment Management LLC lifted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 47.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,000 shares of the semiconductor company's stock after buying an additional 38,000 shares during the period. Needham Investment Management LLC owned about 0.25% of Cohu worth $3,151,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in shares of Cohu by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock worth $85,207,000 after buying an additional 45,571 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after buying an additional 1,152,825 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after buying an additional 315,605 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after buying an additional 154,550 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after buying an additional 390,558 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Performance

Cohu stock traded down $0.07 during trading hours on Friday, hitting $17.76. The company had a trading volume of 312,600 shares, compared to its average volume of 405,157. The firm has a market cap of $825.89 million, a PE ratio of -11.84 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60. The firm has a 50-day moving average of $15.80 and a 200 day moving average of $21.37.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. During the same quarter last year, the business posted $0.01 EPS. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. On average, sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Cowen dropped their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. B. Riley dropped their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Finally, StockNews.com cut shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $28.43.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.